By Cecilia Chiluba 
BuyZed Campaign says government’s ambitious plan to achieve debt-free status by 2028 is a testament to its commitment to fiscal responsibility and sustainable development.
According to Ministry of Finance and National Planning, Zambia is likely to be debt free by 2028, as government projects debt to be less than 2% of the country’s GDP by 2027.
In 2025, Zambia’s economy is expected to grow by 6.6% on account of the recovery of the mining sector and favorable rainfall patterns.
Campaign Founder Evans Ngoma told Money News that building on the momentum of the 24-hour economy initiative, which started with the financial services sector, this debt-free plan demonstrates the government’s dedication to economic resilience and growth.
“The projected 6.6% economic growth in 2025, driven by the mining sector’s recovery and favorable rainfall patterns, further underscores the potential for Zambia’s economic ascendance,” Mr. Ngoma noted.
He urged all Zambians to support the local economy by buying Zambian goods and services.
“Let’s work together to promote economic self-sustainability and build a brighter future for Zambia,” he added.